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English2Computer Science3Accounting1Biology2Statistics2Physics1
The sun's golden rays gently kissed the tranquil ocean, casting a mesmerizing ...
The sun's golden rays gently kissed the tranquil ocean, casting a mesmerizing ...
The sun's golden rays gently kissed the tranquil ocean, casting a mesmerizing ...
The sun's golden rays gently kissed the tranquil ocean, casting a mesmerizing ...
The sun's golden rays gently kissed the tranquil ocean, casting a mesmerizing ...

The Case of J&J and Changes to Drug Pricing of Treatment for TB
The world's largest pharmaceutical market is the US. But there is social contention about the monopoly pricing strategies of big drug firms, e.g. see

Consider the firm Johnson & Johnson (J&J) and the production of the drug bedaquiline to treat tuberculosis (TB), and its recent decision to cut the price of bedaquiline from $46 to $8 per month, as discussed in the following freely available articles:
For this task, you will be required to illustrate and explain to a typical first-year undergrad student who has no economics background what has happened to profit (producer surplus), markup, consumer surplus and the output as a result of the price reduction.

▪ You will hand draw one (1) diagram with an isoprofit curve, which is an adaptation of Figure 7.9d from the CORE ESPP text. An adaptation means that you modify the main diagram from the text to suit the case study at hand, for the drug to fight TB. Assume unit costs of production of this drug are a constant $5 per month.

▪ Youareonlyrequiredtodrawoneisoprofitcurvewiththeprofit-maximisingpriceof$46.Beaccuratewhen you draw your isoprofit curve, but there is no need to calculate with precision all the points on the isoprofit curve. Calculate and show workings of what the iso-profit would be for any price greater than $10 but less
than $40 (pick any one price but stick to an integer).

▪ Fortheincrementalquantitiesofdrugproductiononthex-axis,usehypotheticalvalues(roughguessesfrom
your imagination). Also use your intuition for making up other prices/costs of the drug on the y-axis and
make up a demand (straight-line) 'curve'.

▪Calculateandshowworkingsforthechangeinproducersurplusandmarkup,butyouonlyneedtoshadein
the change in consumer surplus.

The sun's golden rays gently kissed the tranquil ocean, casting a mesmerizing ...
The sun's golden rays gently kissed the tranquil ocean, casting a mesmerizing ...
The sun's golden rays gently kissed the tranquil ocean, casting a mesmerizing ...

Step 1: Gather materials and necessary information.
a) You will collect information about a satellite technology career, including:
 Education needed, emphasizing specific types of physics courses
 Special training and skills needed
 Types of employers
 Average salary
 Duties or nature of the work
 Physics concepts applied in the work
 Long-term outlook for career growth
b) Search online for “careers using satellite technology.” Look for reliable resources that end in .edu
or .gov.
 The Bureau of Labor Statistics is also a great resource for this project.
c) Be sure to keep a list of your references so you can cite them properly later.
d) Ask your teacher where you should save your presentation as you work on it. Your teacher may
also have specific guidelines about the file name you should use.
Step 2: Create your title slide.
a) Begin by creating the title slide. On this slide, include the name of the career in large font, an
image appropriate to the career, your name, your teacher’s name, and the due date of the
presentation.
b) Remember to save your work as you go.
Step 3: Create your content slides.
a) On these slides, present the necessary education for your chosen area of satellite technology,
any special training and skills required, the types of employers that hire in this area, the average
salary that can be earned, the typical duties or nature of the work, the physics concepts applied in
this area, and the long-term outlook for career growth.
Step 4: Cite your sources.
a) Create a slide titled Works Cited.
b) On this slide, create a list of the resources you used to complete your research. A simple list of
website titles and addresses (URLs) is acceptable. If you used print sources, list the title, author,
publisher, city, and date.
Step 5: Evaluate your presentation using this checklist.
If you can check each criterion below, you are ready to submit your presentation.
 Does your presentation include a title slide with the name of the career in large font, an image
appropriate to the career, your name, your teacher’s name, and the due date of the presentation?
 Does your presentation include information about the education needed for the career including
the specific types of physics courses needed?
 Does your presentation include special training and skills needed for the career?
 Does your presentation include the types of places that employ workers in the career?
 Does your presentation include the average salary earned in the career?
 Does your presentation include duties that need to be performed and the nature of the work in the
career?
 Does your presentation include physics concepts that are applied in the work?
 Does your presentation include the long-term outlook for career growth?
 Does your presentation include a works cited slide, including citations for all the sources you
used?
Step 6: Revise and submit your presentation.
a) If you were unable to check off all the requirements on the checklist, revise your presentation and
save it before submitting.
b) When you have completed your presentation, return to the virtual classroom and use the “Browse
for file” option to locate and submit your assignment. Congratulations! You have created a
multimedia presentation.
c) Ask your teacher for further instructions about presenting your presentation to an audience of
your peers.

The sun's golden rays gently kissed the tranquil ocean, casting a mesmerizing ...
The sun's golden rays gently kissed the tranquil ocean, casting a mesmerizing ...
The sun's golden rays gently kissed the tranquil ocean, casting a mesmerizing ...

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